Brazil’s inflation should start dropping after April-May peak – Campos Neto
RIO DE JANEIRO, BRAZIL – Central Bank President Roberto Campos Neto said that the peak of Brazilian inflation is expected to occur in April or May this year.
“I think now [the peak] will happen between April and May. Then we will see a somewhat faster drop in inflation,” he said on Friday, February 11, at an event sponsored by Esfera Brasil.
The head of Brazil’s monetary authority reinforced that the fight against inflationary pressure in Brazil is more developed than in other countries. Nevertheless, he added that the pressure on world prices in the coming months will depend on how inflation behaves in the developed world, “particularly in the United States.”
Campos Neto explained that despite the government and the Central Bank’s efforts to control inflation, long-term premiums in the country remain high. “This is because short-term price controls have no structural impact on inflation,” he said.
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